§ 2A-109. OPTION TO ACCELERATE AT WILL
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/us/ucc/a2A/s2A-109A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A term providing that one party or his [or her] successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or "when he [or she] deems himself [or herself] insecure" or in words of similar import must be construed to mean that he [or she] has power to do so only if he [or she] in good faith believes that the prospect of payment or performance is impaired.
(2)With respect to a consumer lease , the burden of establishing good faith under subsection
(1)is on the party who exercised the power; otherwise the burden of establishing lack of good faith is on the party against whom the power has been exercised.